Al Amthal Financing Co. has selected BenchMatrix for the implementation of RiskNucleus® Compliance Risk Management Solution
The implementation of this comprehensive solution will bring ease in meeting the SAMA’s regulatory requirements as the Regulatory Monitoring Module helps maintain a library of regulations, requirements and actionable tasks for compliance; which will aid in disseminating these tasks through a configurable workflow. The Risk Assessment module will provide a platform that helps in identifying the risks associated with the regulation, determining appropriate controls, and perform their assessments.
Some of the key functionalities of the module include:
- Requirements creation from regulations
- Activities assignment, completion, and review workflow.
- Auto-escalation mechanism on breach of deadlines.
- Organization-wide compliance status monitoring.
- Email notifications and reminders
- Dashboards and reporting
About Al Amthal Financing Co.
Al Amthal Financing Company is a Saudi licensed and subject to the supervision of the Central Bank of Saudi Arabia, a leader in financing small and medium enterprises and individuals, provides the best financing solutions in the Kingdom of Saudi Arabia, since 2000 in the Saudi Market. Our dedication and diligence earned us a pioneer reputation in the development of financing. We offer financing services to Small and Medium-sized Enterprises (SMEs) and serve individuals who are looking for making substantial purchases. We believe that SMEs are drivers of economic growth and job creation in Saudi Arabia and perceive that access to finance is the most significant obstacle that hinder the growth of such enterprises, thus the company is tremendously devoted to its goals and principles.
BenchMatrix is a leading advisory services and automated GRC, AML and Loan Origination Solution technology provider with a focus on developing practical and effective solutions for organizations. The team has several full cycle Romania, implementation experiences in multinational organizations with success stories in France, Canada, Malta, Turkey, Bahrain, Qatar, Saudi Arabia, UAE, Kuwait, Pakistan, Algeria, and Tunisia.